Sessa Daniel M 4

What Happened

• Daniel M. Sessa, Executive Vice President and Chief Human Resources Officer of Lennox International (LII), received 4,413 shares as an award on March 13, 2026 (acquisition price $0.00).
• To satisfy tax withholding, 1,554 of those shares were surrendered/disposed at an indicated value of $480.48 per share, totaling $746,662. Net shares retained from the award = 4,413 − 1,554 = 2,859.
• This was an equity award settlement with share withholding for taxes — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-13. Filing date: 2026-03-16 (appears timely within required reporting window).
• Awarded shares: 4,413 (code A — grant/award/acquisition). Tax withholding: 1,554 shares disposed (code F) at $480.48/share = $746,662.
• Acquisition price for awarded shares: $0.00 (typical for RSUs/restricted share awards). Withholding indicates a cashless share surrender to cover taxes.
• Shares owned after the transaction: not specified in the provided filing excerpt — see the full Form 4 for total beneficial ownership.
• No 10b5-1 plan or other special footnotes noted in the summary provided.

Context

• This transaction is a routine equity award + tax withholding. When awards vest, companies commonly withhold a portion of the shares to pay required payroll/tax obligations (a cashless settlement) — that is what occurred here.
• Awards and tax-withholding actions do not necessarily signal insider market confidence the way open-market purchases might; they typically reflect compensation vesting and tax obligations.